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China issued a notice on the adjustment of financial subsidies for NEVs at the end of 2016, which significantly reduced the subsidies, putting pressure on the profitability of related enterprises, according to the report.

China was hit by its worst flu epidemic in recent years this winter, and respiratory departments at major hospitals in many cities found themselves short staffed. More than 273,000 cases were reported in January on the Chinese mainland, including 56 deaths, according to the National Health and Family Planning Commission.

China was home to 650 million kilowatts of renewable energy installations at the end of 2017, equal to 36.6 percent of the country's total installed electricity capacity, increasing 14 percent year-on-year, according to the report.

China is willing to strengthen communications with the EU to cope with the chaos generated by the US aluminum and steel tariffs, Wang said.

China reported an eye-catching growth of 6.9 percent for the first quarter of 2017, but economists are expecting moderation in following quarters over concerns that China's ongoing scrutiny in the financial sector could dampen growth.